Coinhako, a Singapore-based crypto exchange has added support for Shiba Inu.
It is not straightforward to receive any crypto-related approval from Singapore as the country has advanced and sophisticated rules for crypto service providers.
Last week, the exchange succeeded to obtain approval from the Singapore financial regulator to legitimately provide digital token services, becoming one of the first local crypto exchanges to accomplish such success. Coinhako exchange’s trading volume has grown by 1000% since the beginning of the year.
Coinhako users can trade SHIB against Singapore dollar (SGD), US dollar (USD), and Vietnamese dong (VND). Coinhako exchange also has a wallet that enables you to securely store Shiba Inu and other cryptos.
Coinhako made the SHIB listing announcement on their Twitter and official blog.
🎉 The wait is over! Welcome to Coinhako, $SHIB 🐕
We heard the howls of the #shibarmy and this good boi is finally onboard 🐶
Trade #SHIB in SGD, USD & VND on Coinhako.
— Coinhako (@coinhako) November 22, 2021
Launched back in 2014, Coinhako made a name for itself instantly with a six-figure investment from famous venture capitalist Tim Draper. Draper, who made his reputation by early investing in Skype, Twitch, and Hotmail, is also known as one of the first adopters of Bitcoin, he predicts that Bitcoin could reach the $250,000 mark by the end of 2022.
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